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Debt (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Summary of Debt

The following tables summarize the Company’s debt (in thousands):

 

 

March 31, 2021

 

 

 

Short-term

 

 

Long-term

 

 

Total

 

Bank and Trade Facilities - Foreign Operations

 

$

1,764

 

 

$

 

 

$

1,764

 

 

 

$

1,764

 

 

$

 

 

$

1,764

 

 

 

 

December 31, 2020

 

 

 

Short-term

 

 

Long-term

 

 

Total

 

Bank and Trade Facilities - Foreign Operations

 

$

13,787

 

 

$

 

 

$

13,787

 

Related Party

 

 

 

 

 

29,766

 

 

 

29,766

 

 

 

 

13,787

 

 

 

29,766

 

 

 

43,553

 

Less: unamortized deferred financing costs

 

 

 

 

 

(12

)

 

 

(12

)

 

 

$

13,787

 

 

$

29,754

 

 

$

43,541

 

Schedule of Short-term Debt

As of March 31, 2021 and December 31, 2020, the Company had an aggregate outstanding balance of $1.8 million and $13.8 million, respectively, under such financing arrangements. The weighted average borrowing rates as of March 31, 2021 and December 31, 2020 were 0.0% and 1.8%, respectively. The maturity dates and interest rates per annum applicable to outstanding borrowings under these financing arrangements are listed in the tables below (amount in thousands).

 

 

 

 

March 31, 2021

 

 

 

 

 

Maturity Date

 

Denomination

 

Interest rate (%)

 

 

Amount

(in U.S.

dollars)

 

LGUPlus

 

General loan

 

06/17/2021

 

KRW

 

 

0.00

 

 

$

1,764

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,764

 

 

 

 

 

December 31, 2020

 

 

 

 

 

Maturity Date

 

Denomination

 

Interest rate (%)

 

 

Amount

(in U.S.

dollars)

 

The Export-Import Bank of Korea

 

Export development loan

 

05/24/2021

 

KRW

 

 

1.99

 

 

$

7,353

 

Korea Development Bank

 

General loan

 

08/10/2021

 

KRW

 

 

2.28

 

 

 

4,596

 

LGUPlus

 

General loan

 

06/17/2021

 

KRW

 

 

0.00

 

 

 

1,838

 

 

 

 

 

 

 

 

 

 

 

 

 

$

13,787